At Home Group Inc said on Wednesday it had accepted a sweetened buyout offer of $2.43 billion from Hellman & Friedman, weeks after an earlier bid from the private-equity firm faced opposition from its largest shareholder, and hedge fund Honest Capital.
The home-decor chain said the new offer of $37 per share represented a premium of about 21% to the stock’s closing price on May 4, a day before reports of a deal surfaced. The initial offer of $36 per share implied a premium of about 17%.
Shares in Plano, Texas-based At Home jumped as much as 3.1% to $36.81, few cents short of the updated offer.
Source: Reuters
